New Stock Coverage: Treasure in Trash at Waste Connections (NYSE:WCN)

Wall Street ratings agencies set the tone for today's stock market.

MINYANVILLE ORIGINALSeptember 25 saw stocks suffer their steepest slide since June 25, and anyone naïve enough to think the problematic three-month pattern will be broken on December 25 really does believe in Santa Claus. The Dow (^DJI) dropped 101.37 after getting a lesson in Econ 101, namely that no man is an island and financial issues an ocean away will ultimately impact us all.

Notwithstanding a worldwide bacon shortage, PIIGS are again on the march, with Spain taking its turn in the spotlight on Tuesday. The country that once boasted the expensive El Buli, thrice voted the world's best restaurant, now watches in horror as its citizens scavenge for food.

Today in economics, analysts expect an increase in August new home sales at 10:00 a.m. Eastern. In earnings action, Progress Software (PRGS) and Worthington Industries (WOR) are among companies due to report quarterly results.

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